WORKPLACE RELATIONS NEWSLETTER

ANNUAL WAGE REVIEW 2024

AWARD RATES OF PAY INCREASED BY  3.75%

SUPERANNUATION INCREASED TO 11.5%

On Monday 3 June 2024, the Fair Work Commission handed down its decision increasing Award Rates of Pay by 3.5%.

• Adult rates of pay for each Award classification are to be increased by 3.75% per week.  This equates to an increase of $37.30 per week for the Award Tradesperson classification rate of pay from $995 to $1,032.30 per week, (an increase of $0.98 cents per hour).  Lesser proportionate increases are applicable for non- trades classifications.
• Junior and apprentices’ rates of pay will increase proportionately.
• The minimum weekly adult rate of pay has been increased by 3.75% per week to $915.00 per week, or $24.10 per hour.
• These increases are absorbable against over award payments in employees’ Contracts of Employment and rates of pay provided for in Enterprise Agreements.
• HOWEVER, ALL EMPLOYEES MUST BE PAID AT LEAST THE NEW AWARD RATES OF PAY FOR THEIR CLASSIFICATION.
  
• Award allowances, (e.g. Leading, Hand, Meal Allowance, First Aid, etc.) will also be increased.
• Operative Date of the 3.75% increase in Award rates of pay.
• The new Award rates of pay and increases will be operative from the beginning of the first pay period to commence on or after 1 July 2024.

The new minimum Award Rates of Pay are applicable to manufacturing employees involved in Picture Framing, retail and clerical employees employed in the Picture Framing Industry.

A copy of the new Award Rates of Pay schedules for Awards will be forwarded to members of the Picture Framers Guild of Australia shortly.

Superannuation Guarantee Contributions

The Superannuation Guarantee (SG) rate will increase from 1 July 2024 from 11% to 11.5% and continues to increase annually until it reaches 12% on 1 July 2025.

Picture Framers requiring further information are invited to contact the PFGA by email, admin@pfga.org.au  or Executive Officer, Neil Craven on 04129 500 609.